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    You are in: Home » Resources » Tax Centre » Tax Rates And Allowances » Tax Rates

    Individuals

    Personal Allowances

    The standard personal allowance is £12,570 for 2021/22, 2022/23 and 2023/24.

    The transferrable marriage allowance applies from 6 April 2015 to couples (married or civil partners) where neither person pays tax at the 40% or 45% rates. The spouse who cannot use all their personal allowance against their own income may opt to transfer 10% of their personal allowance to their spouse or civil partner.

    The personal allowance is tapered away for individuals who have income over £100,000, at the rate of £1 for every £2 of income above that threshold.

    The allowances for recent years are as follows:

    Minimum married couples allowance, Marriage allowance, Income limit for allowances for Married couple’s allowance, Personal allowance removed completely at:

    2020/21 (£) 2021/22 (£)* 2022/23 (£) 2023/24 (£)
    Personal Allowances £12,500 £12,570 £12,570 £12,570
    Minimum married couples allowance £3,510 £3,530 £3,640 £3,640
    Maximum married couples allowance £9,075 £9,125 £9,415 £9,415
    Marriage allowance £1,250 £1,260 £1,260 £1,260
    Blind person's allowance £2,500 £2,520 £2,600 £2,600
    Income limit for allowances for Married couple’s allowance £30,200 £30,400 £31,400 £31,400
    Income limit for standard allowances £100,000 £100,000 £100,000 £100,000
    Personal allowance removed completely at: £125,000 £125,140 £125,140 £125,140

    *2020/21 figures were announced in the 2020 Spring Budget and are subject to enactment.

     

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